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4 Hour Strategy (MACD)

  • #1,621
  • Mar 2, 2007 7:22am Mar 2, 2007 7:22am
Quoting Phillip Nel
I missed this nesting doll. Have she got a name. Can you introduce her to me.
Thanks
She has a name, Phil. Her name is Matreshka. Pippy just got 1, I have 2. They are quite beautiful, by the way..
  • #1,622
  • Edited 7:33am Mar 2, 2007 7:31am | Edited 7:33am
Quoting tamkras
I'm glad you've seen this. This downward move is very significant for cable as it falls out from the daily trendline. You can set up your daily chart and see it. Please, note also the price has moved out from the recent bearish flag. It has to settle before a buy signal. If I buy now my target is only the middle point of the bearish flag which is about 1.9505. But I am really amazed with your observation of the nesting dolls pattern for cable. Yours, Tamkras.
The daily is crazy! We are now sitting at a long term support line from May of 2006 (more than 3 hits....more like 5 or 6), the middle of a downward channel, the 89 EMA. Will have some planning to do this weekend!

I'm posting my chart for anyone interested in the daily.

Hey... shouldn't your computer be under the sea by now?

green dashed line 89 EMA, light blue is long term trendline. Dashed lines within channels are fib levels for the channel (hit 50%).
Attached Image
  • #1,623
  • Mar 2, 2007 7:35am Mar 2, 2007 7:35am
Quoting Phillip Nel
I missed this nesting doll. Have she got a name. Can you introduce her to me.
Thanks
LOL
  • #1,624
  • Mar 2, 2007 7:37am Mar 2, 2007 7:37am
Quoting Phillip Nel
On 1Hour. It is a bit shaky with the two little tails to the top. (Spinners) Tails to the bottom is well. Trendline support on my chart. Support off 89SMA

Entry 1.3175
S/L 20 pips
T/P 1.3195 or closeby

Get breakeven after 15 pips as 21EMA is close.


Update:
Was looking for some quick easy pips but looks like we are heading south
Phillip

Now I am with you and it is getting clearer by the day. Lost of homework this weekend.

I am still short with half my trade after the H&S formation yesterday. Seems now like a nice support being formed. I'll exit the trade anytime now (before close of day).

Interesting that my wife is also a Nel.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #1,625
  • Mar 2, 2007 7:39am Mar 2, 2007 7:39am
Quoting tamkras
She has a name, Phil. Her name is Matreshka. Pippy just got 1, I have 2. They are quite beautiful, by the way..
One last fun reply....

Wow, this forum has it all.... Lions, dolls, crystal balls, Jonny Walker, piggies and Batman!! Holy Cow!!! What a forum!!!
  • #1,626
  • Mar 2, 2007 7:39am Mar 2, 2007 7:39am
Hey... shouldn't your computer be under the sea by now?

it is. And I am, too. My people jettisoned me with a relief. I have to restore their confidence over the weekend. I will have a different task to do .
  • #1,627
  • Mar 2, 2007 7:40am Mar 2, 2007 7:40am
Quoting pips4uandme
One last fun reply....

Wow, this forum has it all.... Lions, dolls, crystal balls, Jonny Walker, piggies and Batman!! Holy Cow!!! What a forum!!!
Now we have a lot of positive energy
  • #1,628
  • Mar 2, 2007 7:42am Mar 2, 2007 7:42am
Quoting tamkras
Hey... shouldn't your computer be under the sea by now?

it is. And I am, too. My people jettisoned me with a relief. I have to restore their confidence over the weekend. I will have a different task to do .

Good luck and have fun!!!
  • #1,629
  • Mar 2, 2007 7:59am Mar 2, 2007 7:59am
Quoting Golfer
Phillip

Now I am with you and it is getting clearer by the day. Lost of homework this weekend.

I am still short with half my trade after the H&S formation yesterday. Seems now like a nice support being formed. I'll exit the trade anytime now (before close of day).

Interesting that my wife is also a Nel.

Willem
Very well done with that trade.
  • #1,630
  • Edited 11:29am Mar 2, 2007 8:01am | Edited 11:29am
Quoting Phillip Nel
On 1Hour. It is a bit shaky with the two little tails to the top. (Spinners) Tails to the bottom is well. Trendline support on my chart. Support off 89SMA

Entry 1.3175
S/L 20 pips
T/P 1.3195 or closeby

Get breakeven after 15 pips as 21EMA is close.


Update:
Was looking for some quick easy pips but looks like we are heading south
Update:
Will close this deal at close of 4H candle if target is not reached. Dont want open position over the weekend.

Update:
Have to leave now. Closed this position at breakeven 1.3175 as I will not be able to watch.
  • #1,631
  • Mar 2, 2007 8:10am Mar 2, 2007 8:10am
Quoting Chandra
Woju2,
I am writing about your trade. Now the 12:00 candle on march 02 (Friday is forming a RT. If U still holding the long you have taken, u r under loss of about 73 pips. If u check this RB formation, it may come back up a bit as it is above 89 mA (up trend mood). 1hr does not show any TC signal (to continue downward journey). So, if I were, I would hang on to my long position to at least reduce my loss.
This is a very contraversial/debatable observation. Others may not agree with me.
-Chandra
Chandra,

As I wrote in post #1598 I was stopped out. I wanted to see your comments if I should have exited earlier when H&S emerged.

Thanks for help

Woju2
  • #1,632
  • Mar 2, 2007 10:09am Mar 2, 2007 10:09am
Did ya get in people??? I was in a meeting all morning but I got in on the RB on the 4hr. I've got about 15 locked in cause I've got to leave again but I'll close it out before the market closes either way.

ajaso: There's a color MACD indicator posted in the thread somewhere. CLick on the paperclip icon for this thread an it'll be easy to find....
Attached Image
  • #1,633
  • Mar 2, 2007 10:28am Mar 2, 2007 10:28am
Here 'tis...
Attached File(s)
File Type: mq4 MACD_H4_300_v100.mq4   3 KB | 964 downloads
  • #1,634
  • Mar 2, 2007 10:29am Mar 2, 2007 10:29am
Quoting Palmer
Did ya get in people??? I was in a meeting all morning but I got in on the RB on the 4hr. I've got about 15 locked in cause I've got to leave again but I'll close it out before the market closes either way.

ajaso: There's a color MACD indicator posted in the thread somewhere. CLick on the paperclip icon for this thread an it'll be easy to find....
Great trade Palmer.
I could not jump in and missed it!! Well....next week shall bring new pips!!!

By the way...your observation regarding the stop losses when following round tops/bottoms is very useful. I have been backtesting it, and it seems to hold for the vast majority of trades.
  • #1,635
  • Mar 2, 2007 10:42am Mar 2, 2007 10:42am
Quoting tamkras
I may be on vacation but my mind is not always free from the market.

I long ago stopped measuring the price movement in linear dimensions. The price itself is a painter if you allow me to be a trifle poetic. I am now watching USD/JPY pair and read about ../yen jittery whipsaws in the last days. Why are they whipsaws, why do they call this a choppy market? I keep an open mind and I know that the price is always trying to suprise us. Just see the chart. I just post it for the sake of thought-provoking and who knows maybe someone can handsomely gain from this juxtaposition of signals because the pair is still in uptrend on a monthly chart. Sorry, if this distracted from MACD trade. Yours, Tamkras.

EDIT: As a disciplined follower of MACD 4 HR system I can see a buy signal as a trend continuation, to cut the story short (sorry, long).

Tamkras.

Could you please explain this post ,as I would of thought long would need a trend reversal signal.Or is it the longer term channel you are referring to? If this is so I would still like to know where you see the signal.

Also could you be kind enough to explain the nesting dolls mentioned, or point me in the direction of the post where they have been explained.

cheers.
  • #1,636
  • Mar 2, 2007 11:34am Mar 2, 2007 11:34am
Quoting FOURX
Tamkras.

Could you please explain this post ,as I would of thought long would need a trend reversal signal.Or is it the longer term channel you are referring to? If this is so I would still like to know where you see the signal.

Also could you be kind enough to explain the nesting dolls mentioned, or point me in the direction of the post where they have been explained.

cheers.
I will re-post some charts and explanations over the weekend. By the way, when I am back at home on Sunday, I am a buyer of usd/jpy to confirm my outlook. Yours, Tamara (Tamkras)
  • #1,637
  • Mar 2, 2007 11:39am Mar 2, 2007 11:39am
Quoting 5forMe
The price is moving against me at the moment..... Should I move my stop down and out of the way a little? Like at 154.50, I would still have good r:r to my tp2....? (I am still trading on a demo, but I want to treat it as real $$$)

Nanette
Nenette, Did U hit your TP1 on this trade? Did U hit SL before TP?
-Chandra
  • #1,638
  • Mar 2, 2007 11:51am Mar 2, 2007 11:51am
Quoting 5forMe
Anyone,

Entry Long 155.08
st 154.71
tp1 155.41 (MA 8)
tp2 156.15 (ma 365)

Round bottom and Higher Low for a trend reversal signal on Macd.
Also a doji.

Attachment

Any input or analysis would be helpful. I am trying to understand the good trades and signals, so if I am way off here please help me.

Thanks,
Nanette
Hi Phillip
I know you ae there now (19:49:21 GMT).

Every one of us thought this trade (above) was a good trade but why did it not make good? Can you discect it and tell us the nuts and bolts of it and its failure or success (with a few pips)?
Thank you.
-Chandra.
  • #1,639
  • Mar 2, 2007 11:53am Mar 2, 2007 11:53am
Quoting pips4uandme
I Like the pippin energy on this forum too!! Yippee!!!!!!! Happy weekend all!! (first have a profitable friday!)
Pippy,
"profitable Friday!!!! youare kidding? All the pips are Sleeeeping.
-Chandra
  • #1,640
  • Mar 2, 2007 11:58am Mar 2, 2007 11:58am
Chandra-

No I got stopped out on the usdjpy. Oh well, live and learn and trade again. Luckily on my demo.


Nanette
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